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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Hernando at 3035 Spruce Cv, Hernando, MS, 38632 at $265,000 posts ROI 27.41% with $549/mo cash flow from $2,188/mo rent. Total monthly income equals $2,188/mo, and annual cash flow records $6,586/yr on $87,848 to close. Return on cash invested measures 27.41% and rental yield reads 9.91% at the current $265,000. Equity gained on principal adds $1,710/yr, and 5% annual appreciation supports $73,215 by year five. Five-year ROI prints 143.05% and total cumulative return in cash totals $125,667.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,188/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1962
1.09 Acres lot
$N/A/sqft
$210 annually HOA
Neighborhood data shown for ZIP Code: 38632, Hernando, MS area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,513 (100%) |
| Owner Occupied HU | 10,035 (80.2%) |
| Renter Occupied HU | 1,589 (12.7%) |
| Vacant Housing Units | 889 ( 7.1%) |
| Median Home Value | $352,383 |
| Average Home Value | $379,373 |
Residential
12,077
Single Family
11,627
Multi-Family
450
Businesses
841
Date | Event | Price |
|---|---|---|
| 2024-09-25 | Listed for sale | $265,000 |
| 2024-08-01 | Listing removed | N/A |
| 2024-06-04 | Listed for sale | $295,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Kimberly Starnes • RE/MAX Realty Group
Mls Name: MLS United
Mls ID: #4092394
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.
